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World Finance Corporation
World Finance Corporation (abbreviated WFC; later renamed simply WFC Corp.) was a financial corporation founded in 1971 and headquartered in Coral Gables Florida. When WFC Corp was headed and controlled by Guillermo Hernandez-Cartaya (a former Cuban banker who was an agent of the CIA, and believed to be an agent of the Mafia, and also of various Colombian drug lords) through the WFC Group shell company, it became known for a major financial scandal in which over $50 million was lost. This scandal was the subject of a 60 Minutes segment on 26 February 1978. Cartaya controlled it through a number of shell companies, the most well known of which was the WFC Group. Founding The corporation was founded in 1971 by the Cuban expatriate banker Guillermo Hernandez-Cartaya, after he finished serving a Cuban sentence for his participation in The Bay of Pigs Invasion. The ''New York Times'' said: With the formation of WFC, former associates said, Mr. Hernandez-Cartaya hoped to utilize hi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Coral Gables, Florida
Coral Gables, officially City of Coral Gables, is a city in Miami-Dade County, Florida. The city is located southwest of Downtown Miami. As of the 2020 U.S. census, it had a population of 49,248. Coral Gables is known globally as home to the University of Miami, one of the nation's top private research universities whose main campus spans in the city. With 16,479 faculty and staff as of 2021, the University of Miami is the largest employer in Coral Gables and second largest employer in all of Miami-Dade County. The city is a Mediterranean-themed planned community known for its historic and affluent character reinforced by its strict zoning, popular landmarks, and tourist sights. History Coral Gables was formally incorporated as a city on April 29, 1925. It was and remains a planned community based on the popular early twentieth century City Beautiful Movement and is known for its strict zoning regulations. The city was developed by George Merrick, a real estate developer ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
